- Shipping through the Strait of Hormuz is expected to take several weeks to resume fully, despite Donald Trump's declaration that the vital oil route was already partially reopened.
- Jotaro Tamura, CEO of Mitsui OSK, stated that shipowners require a “material” agreement, not just a simple one, to ensure safety before restarting voyages.
- Trump claimed on Truth Social that the strait would be “completely open” by Friday, with ships already moving through a “totally safe” southern route.
- Analysts agree that it will take several weeks for tanker movements to increase, citing the need for mine clearance, a return to international transit lanes, and time for trapped vessels to exit.
- Concerns remain over Iran's past threats to attack ships and its demands for payment from vessels using the strait, despite Trump's assertion of a “toll free opening”.
IN FULL